The Great Reset: Alternate and real signals – Life insurers paid record levels of claims in 2021 in US for deathsLife insurance executives and actuaries believe the numbers are alarming.

Life insurance executives and actuaries in United States believe the numbers are alarming as they paid out record levels of claims in 2021. It is the biggest on-year increase since 1918 and a record of $100.28 billion was distribution in total death benefits.

'Excess mortality' continue to surge, causing concerns and have caught carriers off guard. Younger adult death rate is up 20% in 2023. The Center of Disease Control (CDC) show mortality rates alarming rising for different categories:

15 – 19 years (% difference from 2019) 2018, 1% 2020, 21% 2021, 28% 2022, 21% 2023, (Jan – May), 24% 30 – 34 years (% difference from 2019) 2018, -1% 2020, 30% 2021, 42% 2022, 30% 2023, (Jan – May), 23% 40 – 44 years (% difference from 2019) 2018, -2% 2020, 30% 2021, 45% 2022, 30% 2023, (Jan – May), 25%

The cause of death in the life insurance data shows increase cardiac mortality in all ages. As Covid-related causes of deaths declined in 2022, other causes rose, in particular stroke, diabetes, kidney and liver diseases.

In a Society of Actuaries poll in August 2022, 85% thought excess mortality rates would continue to 2025. Moreover, in the September 2023 poll, 79% believed excess mortality rates will continue through 2026.

More in the Dr. John Campbell video as he also looks at excess mortality data in UK and in the world.